Israeli gaming fund vgames has raised $500 million for a new financing platform aimed at gaming and consumer companies, according to a company announcement. The new capital was raised with the backing of Phoenix, an Israeli insurance and financial services group.
Since its establishment in 2020, vgames has invested in more than 50 companies, including gaming studios and consumer brands. The fund focuses on providing capital without requiring equity, allowing founders to retain control of their businesses.
The $500 million fund will be used to support startups in the gaming and consumer sectors, offering an alternative to traditional venture capital. Vgames did not disclose specific terms of the financing or the names of individual investors beyond Phoenix.
